The tax expenditure on residential end-use electricity in Canada is forecasted to remain stable at 0.007% of GDP from 2024 to 2026, before slightly increasing to 0.008% by 2027 and 2028. The consistency from 2024 to 2026 suggests a stable fiscal policy approach towards residential electricity taxation, with a modest rise anticipated afterwards. The values indicate a minimal but steady fiscal footprint on GDP, reflective of a consistent policy environment.
Future trends to watch for:
- Monitor regulatory changes that could influence electricity taxation.
- Observe economic factors that affect GDP and electricity consumption.
- Assess technological advancements in energy efficiency and renewable energy adoption.
